« Top Headlines » Open DEMAT Account in 24 hrs  Mock Test Papers Series - I & II for Students appearing in CA Foundation January 2027 Examination.  Income Tax Rules 2026: CBDT Introduces Revised Form 161 for Penalty Waiver, Clarifies Misreporting Categories and Taxpayer Relief  ITR Filing and Income Tax Audit Deadline Extended: 5 Critical Things Taxpayers Must Know  Filing Belated ITR for AY 2026-27? Know Which Losses You Can Carry Forward and Which You May Lose  CBDT Extends Tax Audit Report Deadline to October 21, ITR Filing Last Date to November 21 for AY 2026-27  CBDT Extends AY 2026-27 ITR Filing Deadline for Tax-Audit Cases: New Dates and Key Compliance Details  Foreign Assets Missing From Your ITR? Income Tax Department Opens One-Time Disclosure Window  Tax Audit Deadline September 30: Why AIS, TDS and GST Figures May Not Match Your ITR and What Taxpayers Should Do  Tax audit deadline September 30: Common mistakes taxpayers should avoid  Your ITR says ‘verified’, but the refund hasn’t arrived? 5 reasons why your money could be stuck  Missed the ITR Deadline but TDS Refund Is Due? Here’s How You Can Still Claim Your Money «  11th Plan approach paper moots tax on pvt hospitals in... Apex court reserves judgement on Japanese company’s plea... » `SEZ Act may allow agri land acquisition for real estate' September, 15th 2006 Will cause large-scale displacement of farmers: CPI(M) The Communist Party of India (Marxist) feels that the SEZ Act may allow acquisition of agricultural land for real estate development causing large-scale displacement of farmers in the name of industry and other social ramifications. The party politburo has discussed the issue in detail in its meeting held in Kolkata on Wednesday and has decided to seek a change in the Act to ensure use of a minimum of 50 per cent of the land for industrial purposes against the existing SEZ Act allowing the use of up to 75 per cent of land for non-industrial or real estate purposes. The CPI (M) will also consult other political parties on the issue. `Uncomfortable with some rules' "We are not comfortable with certain aspects of the Act and its rules and regulations," the CPI (M) General Secretary, Mr Prakash Karat, said here on Thursday. He was addressing an interactive session "Agenda for inclusive growth" organised by Federation of Indian Chambers of Commerce and Industry. "When the Bill was brought in the Parliament, we were only concerned about labour issues and did not pay much attention to the nitty-gritty of the rules and regulations," Mr Karat said admitting his party's failure in pointing out the alleged loopholes in time. Many SEZ approvals However, now that a large number of SEZ applications have received in-principle approval, the issue has attracted our attention, he said. Interestingly, the changes demanded are in line with the SEZ development policy followed by West Bengal. The State has approved two SEZs stipulating use of 50 per cent of land for industry, 25 per cent for creation of infrastructure and the rest for real estate development. Earlier, talking on regional divide, Mr Karat said that most of the SEZs were proposed in industrially developed States such as Gujarat, Maharashtra, Tamil Nadu and Karnataka.